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2020 | nr 3 (63) Gospodarka, rynek i państwo wobec rewolucji technologicznej | 43--59
Tytuł artykułu

Rewolucja technologiczna a konkurencja w sektorze finansowym

Autorzy
Warianty tytułu
Technological Disruption and Competition in the Financial Sector
Języki publikacji
PL
Abstrakty
Celem artykułu jest identyfikacja najważniejszych technologii oddziałujących na sytuację i układ sił w sektorze finansowym oraz ocena wpływu spółek technologicznych na konkurencję w tym sektorze.(fragment tekstu)
EN
The rapid development of modern technology and the increasing number of FinTechs can bring new competition challenges to incumbents. First, the author identifies the most important technologies implemented in the financial sector, such as artificial intelligence, machine learning, APIs, cloud computing, mobile technology and DLT. Next, she analyses BigTechs' customer-centric platform-based business model and its impact on competition in the financial sector. The expansion of BigTechs into finance should lower the barriers to entry by reducing information and transaction costs, and thereby enhance financial inclusion. However, the long-term impact could be negative as BigTechs can exploit their market power to increase user switching costs and/or to exclude potential competitors. The impact of smaller FinTechs on competition seems to be more beneficial as they rather collaborate than compete with incumbents (especially with banks) while bank - FinTech alliances aim at improving the prospects and the market value of both FinTechs and banks.(original abstract)
Czasopismo
Rocznik
Strony
43--59
Opis fizyczny
Twórcy
  • Uniwersytet Ekonomiczny w Katowicach
Bibliografia
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Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.ekon-element-000171608583

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